October 2008 should have seen the start of signalisation work at this junction, with it being finished by March 2009. However the work didn't begin until 26th January 2009. It seems that the work will carry on until July 2009. When I emailed the Project Engineer at Warwickshire County Council in September 2008, he didn't yet know who had won the contract nor how much it would cost.
Below you will see some photos of the Roundabout taken on 28th August 2008 and then throughout the works. The work will certainly make it much more cycle and pedestrian friendly.